
BOE's Breeden Warns G-7 Bond Prices at Risk from Climate Change
Breeden, who oversees financial stability for the central bank, pointed to sovereign and corporate bond prices as evidence of such assets, according to the text of a speech due to be delivered at the Annual Chapman-Barrigan lecture in London on Thursday. However, current prices don't fully account for risks emerging from net zero transition efforts or, in their absence from extreme weather events, she added.
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Manchester United ‘Open to Offers' for £70million Star
Man United Open to Hojlund Offers Amid Sesko Talks Manchester United's active pursuit of RB Leipzig striker Benjamin Sesko, as reported by Sky Sports News, suggests that the club's recruitment strategy under Ruben Amorim may be evolving faster than anticipated. Talks remain ongoing between United and Leipzig regarding the valuation of Sesko, a player with high potential who is viewed as an ideal fit for Amorim's fluid attacking system. According to Sky Sports News' Vik Varange, Amar Mehta and Dharmesh Sheth, 'Manchester United's pursuit of RB Leipzig striker Benjamin Sesko could have ramifications for Rasmus Hojlund's future.' This line alone indicates more than just a transfer rumour, it hints at real structural considerations happening behind the scenes at Carrington. United's openness to considering offers for Rasmus Hojlund, who only arrived from Atalanta in 2023 for approximately £70 million, marks a significant turn. The club is said to be willing to listen to 'suitable offers provided it was right for the club and the player.' Hojlund's Fight to Stay To his credit, Hojlund has not shied away from the challenge. He has featured from the start in both of Manchester United's pre-season tour games in the United States and publicly declared his desire to remain and fight for his place under Amorim. His mindset reflects maturity and belief in his potential, but as ever in elite football, intent must meet opportunity. Photo IMAGO The reality is that a new striker arriving could further reduce Hojlund's minutes. Though a straight replacement scenario appears unlikely, the looming presence of Sesko complicates matters. Leipzig, in return, are reported to have suggested a loan move for Hojlund as part of the negotiations. Amorim's Tactical Demands If Ruben Amorim intends to implement a high-pressing, versatile forward line, then the addition of Sesko makes tactical sense. His profile as a mobile and direct frontman fits neatly with Amorim's system, which often demands physical presence combined with technical flexibility. That said, Hojlund's profile isn't drastically different. What might tip the scales is Sesko's development curve and possibly greater upside. Amorim may simply see him as a more suitable long-term option, or even a complement, to add depth in a system that uses multiple forward options. What the Deal Could Mean Financially With UEFA's Financial Fair Play regulations looming large over Manchester United's transfer planning, selling or loaning out Hojlund could provide crucial breathing room. While a loan to Leipzig would help facilitate Sesko's arrival, a full sale of Hojlund could recoup funds for other reinforcements. Still, as reported, 'a scenario where Sesko joins and Hojlund stays cannot be ruled out.' That points to a willingness by the club to explore competition within the squad, rather than pushing a player out the door prematurely. Our View – EPL Index Analysis As a Manchester United supporter, this news leaves a mixed feeling. On one hand, it's exciting to see the club active and deliberate in trying to upgrade the squad, especially under a forward-thinking manager like Ruben Amorim. Sesko is a top talent and would be a smart addition in terms of age, profile and system fit. But letting go of Rasmus Hojlund, even temporarily, feels premature. He's just 22, has only had one full season at Old Trafford and has shown flashes of real promise. It's not every day a striker takes on that pressure at such a young age and still manages ten Premier League goals in a struggling side. Rather than viewing Sesko as Hojlund's replacement, it would be far more logical to see them as co-existing in a system that rotates or plays with two up front. With the number of matches United play across four competitions, depth up top is not a luxury, it's a necessity. There's also the psychological aspect. What does it say to a player if, one year after a £70 million transfer, the club is already willing to listen to offers? It's crucial that Amorim and the board show that young players are given time to develop at Old Trafford, not shuffled out at the first sign of competition. Hojlund deserves a proper chance. The best-case scenario? Sesko joins, Hojlund stays and both push each other to become even better.
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2 hours ago
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Concern for Real Madrid as Arsenal transfer interest fades
Those behind the scenes at La Liga giants Real Madrid are unlikely to be overly happy with the latest word stemming from the media surrounding the summer plans of Premier League outfit Arsenal. This comes amid confirmation that the Gunners have shifted their focus away from Rodrygo, towards other targets. Frontman Rodrygo of course saw his name heavily linked with that of Arsenal earlier this summer. After word was forthcoming that the Brazilian is available for sale at the right price, the Gunners were immediately named as his most realistic landing spot. Recent weeks, however, have seen such speculation begin to die down. And on Friday, an insight into precisely why has been forthcoming online. As per a report from Diario AS, citing The Athletic: 'Eberechi Eze and Anthony Gordon are gaining traction as potential Arsenal signings this summer. This further distances Rodrygo from the Emirates Stadium.' Should they truly intend to move Rodrygo on before the summer is out, Real Madrid will therefore need to look elsewhere for a buyer. Conor Laird – GSFN
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2 hours ago
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Experts Share How Much Savings You Really Need To Retire in Hawaii
Hawaii seems like the perfect retirement, but it's also the most expensive state to live in. According to an index developed by the Bureau of Economic Analysis (BEA) and as reported by Yahoo Finance, Hawaii's cost of living is 8.6% higher than the national average. This is due to the state's remote location, which requires goods to be imported, thereby increasing prices. The limited availability of land and high demand for houses also contribute to a higher cost of living. Read More: Find Out: 'As a word of caution to anyone considering relocating to Hawaii, do not discount the fact that Hawaii has a unique culture that inherently looks down upon uninitiated emigrants,' said J.R. Robinson, owner and founder of Financial Planning Hawaii. 'It very definitely helps to have a local connection.' Here's what you need to know about retiring in Hawaii. How Much You Need To Retire in Hawaii Daniel Gleich, CEO and President of Madison Trust Company, said Hawaii's high cost of living makes it the most expensive state to retire in comfortably. According to a Madison Trust Company report, residents should aim to save $2,212,084 by age 65. This figure includes basic living expenses and discretionary spending. This takes into consideration expenses such as groceries, housing, transportation, health care, utilities and supplemental funds for extracurriculars. However, there's no one-size-fits-all answer. 'There is no specific nest egg value to answer this question. It depends upon the consumer's income needs and standard of living,' said Robinson. But there are also some important considerations to make. 'First, in terms of the cost of living, Hawaii is akin to San Francisco, New York and Boston in terms of housing costs and general cost of living,' he explained. 'Real estate prices are comparable, while grocery expenses tend to be higher in Hawaii.' While real estate prices are comparable, Robinson noted that real estate costs are commonly underestimated. Many retirees are drawn to affordable older condominiums, only to be hit with major assessments for renovations. 'There is a common saying among Hawaii realtors that residential real estate in Hawaii has historically been a good investment, but that consumers would be better served by renting than buying when it comes to condos,' he said. Discover Next: How To Financially Prepare for Retirement in Hawaii Retiring in a high-cost area like Hawaii requires some extra planning. It's also important to keep in mind that Hawaii has a state income tax rate that caps out at 11% — one of the highest in the U.S. 'At the same time, Hawaii is surprisingly progressive with respect to taxing retirees' income,' Robinson added. 'The state does not tax Social Security or pensions or even distributions from rollover IRAs or 401(k)s that can be attributed to employer contributions.' While Hawaii may offer tax advantages for retirees, especially when it comes to exempting certain retirement income, planning for a financially secure future often involves more than just understanding state tax laws. For many, it also means rethinking where and how their savings are invested. 'Many individuals consider exploring long-term retirement strategies that go beyond standard Wall Street options like stocks and bonds and explore self-directed IRAs as a way to diversify their portfolios,' Gleich said. A self-directed IRA allows individuals to invest in alternative assets like real estate, private lending or private equity to generate passive income and help offset the higher living expenses. 'A self-directed IRA can help provide an added layer of control, diversification, and possible passive income for those planning retirement in higher-cost states,' he added. Ultimately, the decision to retire in Hawaii should be based on your interests. 'If the consumer leans toward cosmopolitan, then Honolulu is probably a good fit. If lower-cost real estate and more country living is an objective, then any of the outer islands may be appropriate,' Robinson recommended. More From GOBankingRates 5 Cities You Need To Consider If You're Retiring in 2025 This article originally appeared on Experts Share How Much Savings You Really Need To Retire in Hawaii Sign in to access your portfolio